United Rentals, Inc. (NYSE:URI) Shares Purchased by First Bank & Trust

First Bank & Trust grew its stake in shares of United Rentals, Inc. (NYSE:URI) by 7.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 739 shares of the construction company’s stock after acquiring an additional 54 shares during the period. First Bank & Trust’s holdings in United Rentals were worth $533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Financial Corp IN purchased a new stake in shares of United Rentals during the first quarter valued at $25,000. Rise Advisors LLC purchased a new stake in United Rentals during the first quarter valued at about $28,000. Riverview Trust Co acquired a new position in shares of United Rentals in the first quarter worth about $31,000. AdvisorNet Financial Inc increased its position in shares of United Rentals by 71.4% in the fourth quarter. AdvisorNet Financial Inc now owns 48 shares of the construction company’s stock worth $28,000 after acquiring an additional 20 shares in the last quarter. Finally, PFS Partners LLC acquired a new stake in shares of United Rentals during the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 96.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on URI shares. Truist Financial lifted their price objective on shares of United Rentals from $793.00 to $796.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Raymond James began coverage on United Rentals in a research report on Friday. They set an “outperform” rating and a $750.00 price target on the stock. Oppenheimer restated a “market perform” rating on shares of United Rentals in a research report on Monday, April 29th. Citigroup began coverage on shares of United Rentals in a research report on Wednesday. They issued a “buy” rating and a $745.00 price target for the company. Finally, The Goldman Sachs Group raised their price target on shares of United Rentals from $718.00 to $790.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $638.40.

United Rentals Stock Up 3.8 %

URI stock opened at $646.73 on Friday. The firm has a market cap of $43.07 billion, a PE ratio of 17.52, a PEG ratio of 2.09 and a beta of 1.75. United Rentals, Inc. has a 1 year low of $387.01 and a 1 year high of $732.37. The company has a fifty day simple moving average of $660.38 and a 200 day simple moving average of $645.01. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.39.

United Rentals (NYSE:URI) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $8.35 by $0.80. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.44 billion. United Rentals had a return on equity of 36.44% and a net margin of 17.31%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.95 earnings per share. Sell-side analysts anticipate that United Rentals, Inc. will post 43.87 EPS for the current fiscal year.

United Rentals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a dividend of $1.63 per share. The ex-dividend date was Tuesday, May 7th. This represents a $6.52 dividend on an annualized basis and a yield of 1.01%. United Rentals’s payout ratio is currently 17.66%.

Insider Buying and Selling at United Rentals

In other news, CEO Matthew John Flannery sold 8,379 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $699.63, for a total value of $5,862,199.77. Following the completion of the sale, the chief executive officer now directly owns 103,400 shares in the company, valued at $72,341,742. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Matthew John Flannery sold 8,379 shares of United Rentals stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $699.63, for a total value of $5,862,199.77. Following the transaction, the chief executive officer now directly owns 103,400 shares in the company, valued at $72,341,742. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael D. Durand sold 559 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $674.56, for a total value of $377,079.04. Following the sale, the chief operating officer now owns 8,052 shares of the company’s stock, valued at approximately $5,431,557.12. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

United Rentals Company Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals and Specialty. The General Rentals segment rents general construction and industrial equipment includes backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools for construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities.